Incorporated in 2005, M P K Steels (I) Limited is engaged in manufacturing of structural steel products.
The company manufactures general-purpose structural steel products for industries like railways, telecom, power, automotive, construction, fabrication, offshore structures, and infrastructure development, ensuring high-quality solutions.
The company manufactures and trades structural steel products like M.S. Channels, Beams, Angles, Squares, Rounds, and Flats, with M.S. Channels being the main revenue driver and key to success.
The company’s factory is located at A-195, RIICO Industrial Area, Jaipur, offering strong market connectivity. It employs a mix of skilled and unskilled staff, including engineers and professionals.
Products:
- M.S. Channel: Strong frames for industrial sheds, machinery, material handling, vehicle chassis, railway bridges, fencing, and versatile applications.
- M.S. Angle: Supports building frames, bridges, roof trusses, machinery, security barriers, vehicle frames, and railway infrastructure.
- M.S. Flat: Used for custom metalwork, welding, heavy-duty racks, furniture, gates, fencing, structural reinforcement, automotive parts, bridges, and architectural designs.
The company has a distribution network across Rajasthan, Punjab, West Bengal, Gujarat, Haryana, Uttar Pradesh, Assam, and Madhya Pradesh.
Competitive Strengths:
- Dual Plant Operations at a Single Location
- Extensive Range of Dies for Diverse Steel Measurement
- Strong Brand and Long-Term Relationships
- Rigorous Quality Assurance and Control
| Purpose | Amount (₹ Cr) |
|---|---|
| Capital Expenditure towards purchase of Machinery and Dies | ₹3 |
| Capital Expenditure towards installation of Solar Plant | ₹7 |
| To meet Working Capital Requirements | ₹9 |
| General Corporate Purposes | — |
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Total Assets | 62 | 57 | 46 |
| Revenue | 208 | 189 | 139 |
| PAT | 6 | 3 | 2 |
| EBITDA | 9 | 3 | 2 |
| Net Worth | 24 | 18 | 15 |
| Reserves | 17 | 15 | 12 |
| Total Borrowing | 18 | 14 | 15 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 150,400 (5%) | — |
| NII / HNI | — | 930,900 (29%) | — |
| Retail (RII) | — | 2,012,800 (62%) | — |
| Market Maker | — | 163,500 (5%) | — |
| Total | — | 3,257,600 (100%) | — |
* Amount calculated at upper price band (₹79) · ** Total includes all investor categories
- 1 Initiation of Refund 03 Oct 2025
- 2 Credit of Shares to Demat 03 Oct 2025
- Retail allocation is strong at 62% of the total offering.
- HNI/NII demand is strong at 29%.
- Institutional (QIB) interest is moderate at 5%.
- The IPO P/E of 13x reflects a strong valuation relative to typical market ranges.
- Pre-issue EPS of ₹9 compares to post-issue EPS of ₹6 after dilution.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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